daniel14-william

[daniel14-william]

Dubai Aerospace Enterprise (DAE) Ltd., AerCap Holdings N.V., ALAFCO Aviation Lease and Finance Co., Avolon, and General Electric are Some Prominent Market Participants in Aviation Leasing Market.

Aviation leasing is a legal agreement between the lessor and the lessee. In this agreement, a lessor provides an aircraft, crew, insurance, and maintenance to the lessee for a specific duration in return for a monthly or annual periodic payment, which is called a lease payment. The aircraft leasing may or may not offer complete crew, insurance, maintenance facility, and aircraft as there are various services that come under leasing such as wet, dry, and damp leasing. The airline gives a specific rent per month or year for aircraft to use under its own brand. When the lease period is over, the aircraft and the service provided along with it are returned to the lessor or aircraft owner. Cargo operators and airlines use leasing to reduce the burden of manufacturing aircraft and associated costs; leasing ultimately helps the aviation industry reduce the burden of debt. The advantages that the lessee experiences by leasing an aircraft are financial liquidity, fleet consistency, rapid expansion of business, and reduced maintenance cost. In 2022, Dubai Aerospace Enterprises (DAE), a leading aircraft lessor, signed 143 leasing transactions. Such aviation leasing opportunities in the MEA are increasing due to the reduced burden of manufacturing aircraft and the achievement of cost-effectiveness because of leasing.

The growing trend of using low-cost airlines, increasing demand for aircraft for cargo deliveries, and the rising number of airline passengers from the middle class in the MEA are a few factors fueling the aviation leasing market growth in the region. Also, the increased spending on the aviation sector and international countries procuring aircraft from MEA-based airliners are augmenting the market growth. The modernization of the aviation system with NextGen aircraft and eco-friendly measures taken by governments of various countries in the MEA are a few factors expected to offer lucrative opportunities to boost the aviation leasing market growth in the coming years. In October 2022, ALAFCO Aviation, a Kuwait-based aircraft leasing company, signed an agreement worth US$ 75 million with Islamic Corporation for Development to strengthen the country’s travel industry. Further, the aviation sector was severely impacted due to the emergence of the COVID-19 pandemic; thus, such investment deals are likely to foster the growth of the aviation leasing market in the region. Dubai Aerospace Enterprise (DAE) Ltd., AerCap Holdings N.V., ALAFCO Aviation Lease and Finance Co., Avolon, and General Electric are some of the key players operating in the aviation leasing market. The global aviation leasing market is highly consolidated in nature due to presence of large, small, and medium players, at regional and local level for addressing the local demand.

Report: https://www.theinsightpartners.com/reports/middle-east-and-africa-aviation-leasing-market/

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Huawei Technologies Co., Ltd.; Sungrow Power Supply Co., Ltd.; SMA Solar Technology AG; Power Electronics S.L.; FIMER S.p.A – Prominent Market Participants in Solar PV Inverter Market

Solar PV inverters track voltage, establish grid communication, and shut down operations during emergency conditions apart from converting direct current (DC) into alternating current (AC) via solar panels. Solar inverters are commonly used in residential and utility applications and are increasingly used in commercial and industrial projects globally. Solar photovoltaic (PV) inverters aid in maximizing energy production, ensuring safe system operations, improving grid capabilities, and tracking power output. Critical factors to be considered while adopting solar inverters are roof orientation, shading, roof inclination, tilting panels, and summer & winter production difference that result in the required output.

Residential solar solutions can provide free, uninterrupted electricity for years while contributing to a greener environment. Residential solar rooftop systems are easy to install and require minimal maintenance. The electricity produced in excess can be sold to the grid through a net-metering facility, which help in reducing the electricity bills. With depleting fossil fuel reserves, accelerated environmental degradation, and pressure on the power generation infrastructure, several governments have taken various steps in the form of subsidies to accelerate the adoption of solar energy by providing residential solar solutions.

Report: https://www.theinsightpartners.com/reports/solar-pv-inverter-market

[daniel14-william]

Air Products and Chemicals, Inc., Air Liquide S.A., Linde Plc, General Electric Company, Jupiter Oxygen Corporation - Prominent Market Participants in Oxy Fuel Combustion Technology Market

Oxy fuel combustion technology market are receiving high momentum across the world. increasing government initiatives to reduce air pollution is influencing the market growth. Air pollution is one of most serious health and environmental issues worldwide. Many of the leading causes of death, such as heart disease, stroke, lower respiratory infections, lung cancer, diabetes, and chronic obstructive pulmonary disease, are linked to air pollution, which includes both outdoor and indoor particulate matter and ozone. It is at the top of the list in low-income countries. It was estimated that 5 million people died because of air pollution in 2017. Low-income countries have higher indoor pollution rates due to their reliance on solid fuels for cooking, and outdoor air pollution increases as countries industrialize and move from low to middle income status. Hence, air pollution is more prevalent in both low- and middle-income countries. Several initiatives have been taken by the local and federal government bodies across the globe over the years for minimizing the hazardous industrial air disposal. This is fueling the growth of the global oxy fuel combustion technology market. For instance, The National Clean Air Programme under the Central Sector "Control of Pollution" Scheme has been launched by the Central Government of India as a long-term, time-bound national strategy to address the country's air pollution problem in a comprehensive manner, with targets of achieving a 20% to 30% reduction in PM10 and PM2.5 concentrations by 2024, using 2017 as the baseline year. In 2018, the government issued a Comprehensive Action Plan to identify timelines and implementing agencies for actions aimed at preventing, controlling, and mitigating air pollution in Delhi and the NCR.

The global oxy fuel combustion technology market has been segmented into five major regions: North America, Europe, APAC, MEA, and SAM. North America holds the dominant share in the oxy fuel combustion technology market, whereas APAC is expected to be the fastest-growing region in the global market. The US and Canada are highly dependent on fossil fuels for fulfilling their primary energy demand. Hence, emission of harmful gases in these countries is high. In view of the Paris Agreement's ambitious and necessary climate targets, accelerating the region’s economic decarbonization is critical. The UN published the Intergovernmental Panel on Climate Change 1.5°C Report on Global Warming was in 2018, reinforcing the need for immediate climate action, calling for emissions to be reduced as soon as possible and to zero. Following a several-year fall, greenhouse-gas emissions in the US increased by 3.1% in 2018, almost outpacing global emissions growth by a factor of two. The US is in a prime position to commercialize the oxy fuel combustion technologies, which are expected to be required widely to completely decarbonize the global economy, owing to a renewed effort to formulate supportive policy and strengthen the current policy structure across the region. As a result, US leadership on CCS implementation would contribute significantly to the world, meeting its environment and sustainable-development goals. It would also help to lower the cost of carbon capture and storage (CCS), a technology that is critical for achieving climate targets and allowing technology implementation in other countries

The top five companies in the oxy fuel combustion market include Air Products and Chemicals, Inc., Air Liquide S.A., Linde Plc, General Electric Company, Jupiter Oxygen Corporation. The above listing of key players is derived by considering multiple factors such as overall revenue, current automated waste collection system portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions, and other joint activities. There are various other notable players in the global oxy fuel combustion technology market ecosystem such as Encon Thermal Engineers Pvt..LTD Limited, ESA S.PA, Falorni Gianfranco S.R.L, and Hitachi Ltd, amongst others.

Report: https://www.theinsightpartners.com/reports/oxy-fuel-combustion-technology-market

[daniel14-william]

LG Chem, BYD Company Ltd., SAMSUNG SDI CO.,LTD and Panasonic Corporation – Prominent Market Participants in Lithium-ion Battery Energy Storage Market

In battery energy storage systems, lithium-ion batteries are getting traction effectively. It caters to residential, commercial & industrial, and utility industries. Expanding infrastructure projects and the transportation sector's growth will encourage prominent companies to tap markets. Stakeholders are poised to boost the battery energy storage market growth due to investments in solar power and wind energy. A notable transition toward low-carbon energy generation solutions will augur well for the industry size expansion.

Lithium batteries have interesting technological features for energy purposes, including modularity, high energy density, and high charging and discharging efficiency, which can exceed 90% on a singular module level. The charging and discharging of lithium batteries, which comprise a positive electrode (lithium cathode) and a negative electrode (carbon anode), happens through chemical reactions that allow energy, in this case, generated by renewable plants, to be accumulated and restored. Lithium batteries have very interesting technological features for energy purposes, including modularity, high energy density, and high charging and discharging efficiency, which can exceed 90% on a singular module level. The top companies in the market Contemporary Amperex Technology Co., Limited, LG Chem, BYD Company Ltd., Samsung SDI CO.,Ltd. and Panasonic Industry Co., Ltd. The above listing of key players is derived by considering multiple factors such as overall revenue, current well completion equipment and services portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions, and other joint activities.

Report: https://www.theinsightpartners.com/reports/lithium-ion-battery-energy-storage-market

[daniel14-william]

JTEKT Corporation, Robert Bosch GmbH, ZF Friedrichshafen AG, Hyundai Mobis, and Nexteer Automotive - Prominent Market Participants in Automotive Steering System Market

The constant technological advancements in the automotive sector, along with the development of innovative solutions to complement the overall traveling experience, have significantly improved the quality of automobiles compared to the ones developed two decades earlier. The automotive OEMs (Original Equipment Manufacturer) have introduced several advanced features that enhance the visual aesthetics and efficiencies of vehicles, among other performance indicators. Among these, the automotive steering systems are specially designed to eliminate the requirement for a pump, a drive belt, and a hose connected to the engine to use variable amounts of power. Moreover, the integration of IoT (Internet of Things) in the cars is the next big digital development in the automotive industry. Introduction of autonomous vehicles will bring another revolution in the automotive industry. EPS (Electronic Power Steering) system integrated self-driving cars/autonomous vehicles will further boost the driving experience of the driver. The quick development of connected cars offers opportunities to both the automotive industry and tech companies. Development of autonomous vehicles would promote the use of EPS in the vehicles, thereby contributing to the growth of the global automotive steering system market over the forecast period.

JTEKT Corporation, Robert Bosch GmbH, ZF Friedrichshafen AG, Hyundai Mobis, and Nexteer Automotive are some of the key market players operating in the global automotive steering system market. The listing of key players is derived by considering multiple factors such as overall revenue, current automotive steering system product portfolio, geographical reach, new product launches, market initiatives, investment in technology upgradation, partnerships, and other market related activities. In addition to these players, there are several other important players operating in the automotive steering system ecosystems which were studies analyzed during the course of this market research study, such as, China Automotive Systems, Inc.; Hitachi Automotive Systems Americas, Inc.; The Mando Corporation; NSK Ltd.; Showa Corporation; and ThyssenKrupp AG among others. Further, in February 2019, Nexteer Automotive had announced its production milestone of 60 million electric power steering (EPS) systems globally. This could be used in vehicles ranging from small cars to big trucks. The electric power steering systems increase fuel efficiency by 6% and CO2 emissions by 8 grams per km. In April 2017, NSK Ltd. had announced that it had developed a method using cold forming technology for manufacturing electric power steering components that are safer, reliable, and lighter, which in turn improves fuel efficiency in automobiles.

Report: https://www.theinsightpartners.com/reports/automotive-steering-system-market

[daniel14-william]

ANGI Energy Equipment, Inc.; Quantum Fuel Equipment LLC.; Hexagon Agility; BROADWIND INC; and Galileo Technologies S.A. are the top five key market players operating in the virtual pipeline equipment market

The virtual pipeline equipment market includes companies operating in a wide range of product portfolios. Each category has some well-established key players. Due to the different markets in which they operate and compete, it is not feasible to determine five key players in the overall virtual pipeline equipment market. However, based on parameters such as overall revenue, brand image, current product portfolio, geographic reach, customer base, technology adoption & integration, new product/service/feature launches, partnerships, mergers & acquisitions, and other market-related activities, we have listed above five key players operating at a global level.

ANGI Energy Equipment, Inc.; Quantum Fuel Equipment LLC.; Hexagon Agility; BROADWIND INC; and Galileo Technologies S.A. are the top five market players operating in the virtual pipeline equipment market. The listing/positioning of key players is derived by considering multiple parameters such as overall revenue, segment revenue, brand image, current virtual pipeline equipment solutions & service portfolio, R&D expenditure, customer/user base, geographic reach, new product/service launches, market initiatives, mergers & acquisitions, and other market-related activities. ANGI Energy Systems, Inc.; Quantum Fuel Systems LLC.; Hexagon Agility; BROADWIND INC; Galileo Technologies S.A.; Chesapeake Utilities Corp; STABILIS SOLUTIONS, INC; Algas-SDI; Cobey Inc; and CRYOPEAK.are few other notable players that were studied during the market study. In addition to these players, multiple other leading global and regional market players, emerging companies, market disruptors, and niche market players were studied and analyzed during this study.

The virtual pipeline equipment helps to transfer natural gas, liquefied natural gas, and other gases through truck trailers. The main benefit of a virtual pipeline equipment is it provides gas supply to remote locations. Pipeline equipment are essential in transporting liquid fuel and natural gas for consumer and industrial uses. However, supply-chain bottlenecks during the COVID-19 pandemic hindered the long-term recovery of the virtual pipeline equipment market. Moreover, the rebound in trade activities and increase in logistics operations post-pandemic are expected to accelerate the market growth in the coming years.

Report: https://www.theinsightpartners.com/reports/virtual-pipeline-systems-market

[daniel14-william]

BP Plc, Valero Energy Corporation, PJSC Lukoil, Indian Oil Corporation, and Philips 66 are the Prominent Market Participants in the Solid Fuel Market

Solid fuels are used as a source of energy in various industries such as iron and steel. A few solid fuels are petcoke, anthracite, metallurgical coke, coal, and flexicoke. Coal is the largest source of energy. It is burnt to generate electricity and used for other industrial purposes such as refining metals. Coke is another coal-based fuel that has high carbon content with few impurities. It is formed from the destructive distillation of low-ash, low-sulphur bituminous coal. Cokes made from coal are grey, hard, and porous. Petcoke is a coke type derived from oil refineries or other cracking processes. It has two forms that can be used for different purposes. Green petcoke is used as fuel, and calcinated petcoke is used as feedstock in coatings, paints, and coloring products. Metallurgical coal or metcoke is a grade of coal that is generally used to produce good-quality coke. It is used to reduce iron ore and other bearing materials. It is widely used in steel-making processes. Anthracite, a metamorphosed type of coal, contains a high carbon content that gives smokeless flames when burnt. It is considered environment-friendly coal.

Growing demand for solid fuel for electricity generation and from the transportation fuel industry drives the solid fuel market growth. Electricity is used in a wide range of domestic, commercial, and industrial purposes. Over the years, the use of electricity has increased. According to the data by U.S. Energy Information Administration published in May 2022, the total electricity consumption in the US was 3.93 trillion kWh in 2021, which was 13 times greater than electricity use in 1950. Thus, the rising use of electricity is fueling the solid fuel market growth.

BP Plc, Valero Energy Corporation, PJSC Lukoil, Indian Oil Corporation, and Philips 66 Ltd are the prominent market participants in the solid fuel market. The listing of key players is derived by considering multiple factors such as overall revenue, current solid fuel production, geographical reach, new plant launches, market initiatives, and investment in technology up-gradation, partnerships, and other market-related activities. In addition to these players, there are several other important players operating in the solid fuel ecosystems which were studies analyzed during the course of this market research study, such as RESORBENT Sro, JH CARBON PTY LTD, Essar Global Fund Ltd, Valero Energy Corp, and Hargreaves (UK) Services Ltd.

Report: https://www.theinsightpartners.com/reports/solid-fuel-market

[daniel14-william]

Volvo Defense AB; Tata Motors Ltd; Rheinmetall AG; Oshkosh Corporation; General Dynamics European Land Systems SLU –Prominent Market Participants in Military Truck Market

According to the Global Firepower ranking, the US ranks 1st out of 145 countries in terms of military strength in 2023. The country is continuously investing in upgrading its military capabilities and adopting new technology. Along with the US, other North American countries are also investing in expanding the fleet of their military vehicles. For instance, in April 2020, the government of Canada received 1,587 trucks and 322 trailers from Mack Defense as the last part of the Medium Support Vehicle System (MSVS) Standard Military Pattern (SMP) program. These new trucks were procured to replace the trucks that were in service since the 1980s.

A large number of market players, including Arquus SAS, Rheinmetall AG, TATRA TRUCKS AS, General Dynamics European Land Systems SLU, AB Volvo, and Iveco Group NV, have presence in Europe. These market players are continuously working on advancing the military trucks based on the requirement of the armed forces of different countries. For instance, in January 2023, Rheinmetall AG, in collaboration with GM Defense, received the prototype contracts from the US Army. Thus, the increasing expansion efforts by military truck vendors in Europe favor the market growth in the region.

Asia Pacific countries are continuously working on expanding their military troops. For example, Japan has increased its military spending, and it is expanding its military troops to enhance its capabilities. Similarly, the Indian government is working on making its forces youthful and modernizing military operations to face the Chinese and Pakistani armies. Thus, such initiatives by Asia Pacific countries to reinforce their military capabilities trigger the demand for military trucks to carry goods and soldiers from one place to another, which is fueling the growth of the market in this region.

Report: https://www.theinsightpartners.com/reports/military-truck-market

[daniel14-william]

Azimut Benetti SpA; Fr. Lurssen Werft GmbH & Co KG; Damen Shipyards Group NV; Alblasserdam Yachtbuilding BV; and Fincantieri SpA –Prominent Market Participants in Luxury Yacht Market

Yachts of at least 75 feet or above are considered luxury yachts. Based on size, they are called mega yachts or superyachts. Based on mode of operation, luxury yachts are bifurcated into sailing and motorized. Increase in disposable income of individuals across both developed and developing countries and rise in leisure and 121-250 feet activities are fueling the demand for luxury yachts. Additionally, the growing demand for luxury tourism, along with exclusive travel plans and personalized service, from high-net-worth individuals, is further propelling the demand for luxury yachts.

The rise of luxury yacht rental service providers across the globe, owing to the demand for luxury tourism, is also boosting the demand for luxury yachts. Vendors offering luxury yachts on a rental basis include Fun2 Rent, Sailogy S.A., The Mooringsand Incrediblue Limited, and Boatbound Inc. Additionally, the rise in sports activities and the adoption of the same across coastal areas for attracting tourists are expected to increase the demand for luxury sport yachts, thereby contributing to the growth of the global luxury yacht market over the forecast period.

The emerging regions such as APAC, MEA, and SAM are anticipated to offer ample future growth opportunities to the luxury yacht market over the forecast period of 2022 to 2028. These regions are characterized by the presence of some of the major countries that contribute a substantial fleet value to the global yacht market. China, Japan, Singapore, and South Korea are among the leading countries inclined towards the water tourism. In addition to these markets, there are several other potential developing markets for the adoption of luxury yacht such as India, Brazil, Argentina, Indonesia, Vietnam, Malaysia, Philippines, Thailand, and Saudi Arabia, among others. All these countries are anticipated to offer ample growth opportunities for luxury yacht shipyards.

Report: https://www.theinsightpartners.com/reports/luxury-yacht-market

[daniel14-william]

KÄSSBOHRER, TRITON INTERNATIONAL LIMITED, SCHMITZ CARGOBULL, CHEETAH CHASSIS CORPORATIO. AND FLIEGL FAHRZEUGBAU GMBH ARE AMONG THE KEY MARKET PLAYERS OPERATING IN THE 40-FOOT CONTAINER CHASSIS MARKET.

The 40-foot container chassis market is generally used by intermodal equipment providers (IEP), shipping lines, and motor carriers, which involves regional and local movement of containers by trucks. Chassis is used for moving containers from loading areas to the yard, as well as to yard storage areas, at terminals. The chassis systems are strong and sturdy and protect containers from the impact of sharp and sudden movements when in transit, thereby ensuring efficient and safe transportation.

Regulatory bodies and regulations such as the Federal Motor Carrier Safety Administration (FMCSA), container safety certificate (CSC), and the International Organization for Standardization (ISO) have a strong influence on the manufacturing and sale of container chassis. In February 2021, Federal Motor Carrier Safety Administration (FMCSA) enforced its Intermodal Chassis rule that requires intermodal equipment providers (IEPs), motor carriers, and drivers to share responsibility for the safety of intermodal equipment used on highways. Further, government investments in highway and road infrastructure to enhance the quality of roads, railroads, ports, and air transport are anticipated to trigger the demand for container chassis in the coming years. An improved transportation infrastructure would boost logistics operations in the commercial and industrial sectors, thereby aiding in the secure and timely delivery of goods and services. In March 2023, the provincial government of Newfoundland and Labrador announced an investment of ~US$ 1.4 billion to enhance road and highway transportation infrastructure over the next five years. In March 2023, the UK government announced plans of investing ~US$ 43.50 (£ 40) billion in transformational transport schemes across the country over the next two years. 40-foot container chassis are used in various commercial and industrial transportation. Thus, government investments to boost the commercial and industrial segments of economies by improving road and highway infrastructure are projected to offer promising growth opportunities for the 40-foot container chassis market during the forecast period.

The US government has imposed duties of ~200% to halt the imports of chassis from China. Further, a surge in the volume of freight continues to outstrip the supply of chassis, and the availability of containers and laborers at ocean and rail hubs. This imbalance has forced shippers to hold on to their chassis units longer than the usual 3–5 days, further limiting the supply. However, the US government is implementing policies to ramp up the domestic production of chassis. Thus, the current shortage of chassis is anticipated to accelerate the domestic manufacturing of 40-foot container chassis in the US in the coming years.

The 40-foot container chassis market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2022, APAC led the market with a substantial revenue share in the 40-foot container chassis market during 2022–2028, followed by North America and Europe.

The rapid growth in international and domestic trade and is expected to fuel the demand for 40-foot container chassis in Asia Pacific. The maritime industries in the Asia Pacific region are rapidly engaged in development and expansion of ports, resulting in the growing adoption of 40-foot container which further contributes to growth of the 40-foot container chassis market. For instance, according to Ministry of Ports, Shipping and Waterways in December 2021, Indian government approved development of Major Port in Vadhavan due to increased trade activities in the country. Furthermore, there is rise in e-commerce sector across the region. For instance, China’s imports and exports of cross-border e-commerce activities rose by 15% in 2021 compared to 2020. The growth of the e-commerce cross-border will contribute to increase adoption of 40-foot container chassis to transport the goods in the APAC region is another significant factor impacting the 40-foot container chassis market.

As 90% of the world trade is carried out by sea, there is rise in the trade activities at the ports in North America. Large number of ships enable massive number of containers to be transported through various ports in the region, which demands the 40-foot container chassis to move goods. In addition, various ports in the region experienced increased in the amount of cargo capacity handled. According to xChange Solutions GmbH, the twenty-foot equivalent unit (TEU) handled by Port of New Jersey and New York increased by 5.7% in 2022 compared to 2021, Port of Savannah by 8%, Port of Norfolk by 5.1%, Port of Houston by 16% and Port of Charleston by 12%. Thus, such rise in cargo handled at the port contributes to the increased use of large containers, which further propel the demand for 40-foot container chassis. Furthermore, the rise in e-commerce activities due to increased penetration of internet and rise in online buyers contributes to growing transportation of goods which further propelled the 40-foot container chassis market in North America.

Report: https://www.theinsightpartners.com/reports/40-foot-container-chassis-market/

[daniel14-william]

Alstom SA, Siemens Mobility GmbH, Stadler Rail AG, Hitachi Rail STS SpA, and CRRC Corp Ltd –Prominent Market Participants in Europe Hybrid and Battery-Powered Train Market

The hybrid trains utilize an energy-saving combination of alternative fuel sources, such as hydrogen fuel cells, CNG, LNG, and electric batteries. This energy-saving combination also helps in reducing environmental pollution significantly. A battery-powered train offers more flexibility, requiring no expensive infrastructure such as a third rail or overhead line. Hence, such flexibility offered by battery-powered trains can be integrated into a non-electrified rail track. Thus, hybrid and battery-powered trains can provide higher fuel efficiency and reduced operational costs compared to other trains.

As hybrid trains help to reduce carbon footprints, their demand is increasing in Europe. Also, it helps to attain climate-neutral initiatives of the government and various organizations, further fueling the Europe hybrid and battery-powered train market growth. For instance, in January 2022, Alstom, a French manufacturer, and Deutsche Bahn—a German railway company—announced their plan to start the first battery-powered passenger train in Germany. This agreement has been a major step toward Deutsche Bahn's goal of becoming climate-neutral by 2040. Various other European countries are also focusing on reducing environmental pollution through sustainable and efficient transportation. For instance, in June 2022, the European Commission planned to invest in 135 transport infrastructures under the Connecting Europe Facility (CEF). The commission allotted approximately US$ 5.68 billion to make transport more sustainable and efficient. These grants represent most of Connecting Europe Facility's funding in Military Mobility and alternative fuels projects in April 2022. Thus, government investments in clean transportation are expected to fuel market growth in the coming years.

Moreover, in Europe, the adoption of battery-powered trains is rising and is anticipated to grow during the forecast period. For instance, in June 2022, Nahverkehr Westfalen-Lippe (NWL), a German operator association, extended a contract worth approximately US$ 178.76 million with CAF (Construcciones y Auxiliar de Ferrocarriles). Under this contract, the company agreed to supply ten battery-powered trains and fleet maintenance for 33 years in the North Rhine-Westphalia. Further, the market has witnessed various innovations and advancements in battery technology. For instance, in February 2023, Great Western Railway (GWR) announced the acquisition of intellectual property, rolling stock, and equipment related to the development of FastCharge technology and a high-performance battery designed to enhance the UK's rail network of battery-powered trains. The innovation in battery technology is expected to decrease battery costs, increase energy density and life longevity, and reduce battery charging time. In addition, operating and maintenance costs substantially impact the freight sector's profit margins. Electrified fuel cells, CNG, and LNG-powered hybrid trains can decrease these costs considerably. All such factors contribute to the overall growth of the Europe hybrid and battery-powered train market.

The Europe hybrid and battery-powered train market is segmented into propulsion and charging systems. Based on propulsion type, the Europe hybrid and battery-powered train market is segmented into hybrid, battery-powered, and fuel cell. Based on charging system type, the market is segmented into pantograph, auxiliary diesel engine, and dock-in.

Report: https://www.theinsightpartners.com/reports/europe-hybrid-and-battery-powered-train-market

[daniel14-william]

Natural Yachts BV, ESMARIN LTD., Frauscher Bootswerft GmbH & Co KG, Cockwells and Navalt. – Prominent Market Participants in Electric Boat Market

Electric boats are marine vessels that utilize electric propulsion systems for their operation. These boats rely on battery power to drive the rotor and achieve optimal speed. The key components of an electric boat include the electric charger, battery bank, controller, and electric motor. One of the major advantages of electric boats is their reliance on clean energy, resulting in zero emissions. The global electric boat market is witnessing substantial growth due to the increasing popularity of seaborne activities and the thriving marine tourism industry.

The tourism industry is growing across the world due to the rising number of high-net-worth individuals. These individuals prefer spending their free time on luxury yachts and power cruisers to release the stress of everyday life. Also, people travel on boats to visit historical places and scenic natural destinations. Thus, due to the growing ocean tourism, the demand for electric yachts and cruises has increased in various countries. As the growing tourism industry brings national and international investments, employment opportunities, foreign exchange income, business volumes, and socioeconomic and sociocultural benefits to national economies, the governments of various countries are focusing on the expansion of the industry.

Furthermore, Electric boats produce zero carbon emissions, making them more environmentally friendly than gas- or diesel-powered boats. Therefore, the governments of various countries such as the US, the UK, and Canada are announcing policies to promote the usage of electric boats to reduce emissions. For instance, in September 2021, the government of New York launched the Green Boats program. Through this program, the government is working on the electrification of tour and charter boats that are operating on the New York State Canal system. The government is also working on creating an incentive program to support the conversion of fossil fuel-powered vessels to electric propulsion.

In the electric boat market, the COVID-19 pandemic brought several challenges such as development delays, operations slowdown, and components shortage. One of the major consequences of the pandemic was the disrupted global supply chain, which resulted in delayed production and launch of electric boats. The maritime industry, which plays a crucial role in the supply chains of various countries, experienced significant setbacks due to the halt in manufacturing activities to protect people from the virus. This disruption caused substantial hurdles in the production and availability of components, leading to delays in manufacturing and launch schedules.

Report: https://www.theinsightpartners.com/reports/electric-boat-market.

[daniel14-william]

LG Electronics Inc, EnerSys, Deltec Energy Solutions Pty Ltd, Solar MD (Pty) Ltd, and iG3N (Pty) Ltd, - PROMINENT MARKET PARTICIPANTS IN THE BATTERIES FOR SOLAR ENERGY STORAGE MARKET

The batteries for solar energy storage market includes companies operating in a wide range of product portfolio. Each category has some well-established key players and owing to different markets in which they operate and compete it is not feasible to determine key five players in the overall batteries for solar energy storage market. However, based on parameters such as overall revenue, brand image, current Batteries for solar energy storage portfolio, geographic reach, customer base, technology adoption & integration, new product/service/feature launches, partnerships, mergers & acquisitions, and other market-related activities, the above five key players operating at a country levels. The high and fast-growing number of start-ups in this market are anticipated to drive the growth of the market over the forecast period of 2022 to 2028.

The market players present in the batteries for solar energy storage market are mainly focusing on product and service enhancements by integrating advanced features and technologies into their offerings. Various other players has been analysed during the study other than listed five such as Blue Nova Energy (Pty) Ltd, Primus Power Corp, Bushveld Energy Ltd, MetIndustrial Pty Ltd, and Enervision (Pty) Ltd, among others.

The increasing investment trend in the renewable industry is propelling the market growth. In April 2022, the Department of Mineral Resources and Energy (DMRE) issued a request for proposals for Bid Window 6 of the Renewable Energy Independent Power Producer Procurement (REIPPP) program with an aim to develop 2,600 MW of renewable energy capacity; of which, solar will account for 1,000 MW. In May 2022, the National Energy Regulator of South Africa (NERSA) approved proposals for the development of a 200 MW of solar photovoltaic (PV) project by SOLA Group, Cape Town-based energy firm. Similarly, in June 2022, NERSA approved an additional 15 solar PV projects with a total capacity of 139 MW for commercial and private usage. Thus, several solar developments, such as issuing of tenders and project launches, have been witnessed across the country's energy landscape in 2022 as part of robust initiatives to accelerate the initiative of the energy mix. Thus, South Africa is working strongly in favour of enhancing the solar energy potential that will subsequently augment the need for battery storage systems during the projected period.

Report: https://www.theinsightpartners.com/reports/batteries-for-solar-energy-storage-market

[daniel14-william]

Logistics Robots Market Recent Development, Competition Strategy, Top Key Players and Forecast to 2027

The expansion in the quantity of operations and warehousing organizations that are powerfully zeroing in on consolidating robots to acquire the advantages of upgraded productivity, speed, and expanded benefits to stay serious in a market. The reception of trend setting innovation, for example, automated warehousing and coordinated factors advancements are filling to improve the activity effectiveness at reasonable cost. The worldwide coordinated operations robots market is driven by variables, for example, a developing level of maturing populace internationally driving towards work deficiency and enlarging inventory network networks universally.

Report: https://www.theinsightpartners.com/reports/logistics-robots-market

[daniel14-william]

Cold Chain Market Scope, Business opportunities, Competition Strategy, Key Competitors,  Trend Analysis 2027

The rising exchange of short-lived items and ideal government support for the improvement of cold chain foundation are the key elements expected to drive the development of the virus chain market. The virus chain administration players are additionally taking on spearheading advances to oblige the rising interest for food handling, especially for handled food sources. It is projected to offer bountiful open doors, hence impelling the multiplication of a few global sellers into the market, proposing to offer effective virus chain arrangements.

Report: https://www.theinsightpartners.com/reports/cold-chain-market

[daniel14-william]

Electric Ships Market Trends, Growth, Competition Strategy and Forecast to 2028

An electric boat is any boat or boat whose essential impetus innovation is an electric drive framework. It tends to be a full-battery electric, hydrogen energy component electric, electric mixture boat or boat, from towing boats, ships, freight ships, and barges to visit boats, fishing vessels, cruising yachts, and automated submerged vehicles (UUVs). Electric boats are driven electrically, dissimilar to customary diesel motor boats. These boats utilize a battery stockpiling gadget as their power source to drive electric engines.

Report: https://www.theinsightpartners.com/reports/electric-ship-market

[daniel14-william]

Luxury Yacht Market Scope, Growth, Trends, Competition Strategy, Top Players and Forecast to 2028

Yachts of something like 75 feet or above are viewed as extravagance yachts. In light of size, they are called uber yachts or superyachts. In view of method of activity, extravagance yachts are bifurcated into cruising and mechanized. Expansion in discretionary cashflow of people across both created and emerging nations and ascend in recreation exercises are filling the interest for extravagance yachts. Also, the developing interest for extravagance the travel industry, alongside select itinerary items and customized administration, from high-total assets people, is further impelling the interest for extravagance yachts.

Report: https://www.theinsightpartners.com/reports/luxury-yacht-market